It could be that YEN will underperform the USD next year. Some analysts are looking at USDJPY at 100 and 110 for end of year. Commodity currencies could still go up against the dollar but seems like there could be more profits going against YEN. Watching closely and taking these trades on a weekly basis.
Some traders see the current level (AUDUSD) as a great time to short. I'd say AUDJPY may be a better bet. You get the commodity high yield against YEN which could be the ugly kid on the block next year next to GBP.
Interesting. Im long GBPJPY as from what i can see we are in an uptrend from the beginning of the month. Its a great pair to day trade given the volatility.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(11 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(11 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(11 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (11 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(11 months ago)
It could be that YEN will underperform the USD next year. Some analysts are looking at USDJPY at 100 and 110 for end of year. Commodity currencies could still go up against the dollar but seems like there could be more profits going against YEN. Watching closely and taking these trades on a weekly basis.
These guys @pipmaestro and @mohsinishtiaq are great to follow on twitter regarding GBPJPY. @pipmaestro only trades that pair.